- Shiba Inu shifts from being a memecoin to a utility token with TREAT.
- ShibaSwap and new projects strengthen Shiba Inu’s unique digital system.
- Community governance gives users a direct role in shaping Shiba Inu’s future.
Shiba Inu, once known only as a memecoin, is now reshaping its ecosystem with plans for utility-based features. Shytoshi Kusama, the lead developer, recently explained the transition on social media and shared that Shiba Inu is aiming to expand its role beyond its meme origins. The upcoming TREAT currency is central to this shift, as it combines community engagement with governance, adding practical value to the Shiba Inu initiative.
TREAT Token Aims to Combine Utility and Community Governance
Kusama shared that TREAT, the ecosystem’s new token, will merge Shiba Inu’s meme appeal with governance functions. This approach targets users who want to engage while taking part in development decisions.
However, the team warned about counterfeit versions of TREAT circulating. Kusama clarified that the official TREAT token has not launched yet and advised users to avoid buying unofficial versions.
ShibaSwap and New Projects Build Utility
SHIB has added utility with ShibaSwap, a free exchange on the Ethereum blockchain. It also allows users to trade Shiba Inu and other tokens and lets them join liquidity pools to earn rewards. This exchange builds a foundation for Shiba Inu’s environment and supports its shift from a meme-based to a utility-driven project.
Besides ShibaSwap, Shiba Inu plans to launch a brand-themed metaverse and an NFT marketplace. The metaverse will offer a digital space for users to connect, while the NFT trading platform will let them trade Shiba Inu-branded assets. These projects focus on social engagement and expand the Shiba Inu brand in the digital world.
Community-Led Governance
An essential part of the coin’s evolution is its decentralized governance model, achieved through a decentralized autonomous organization. The DAO structure gives credential holders a voice in final decisions, ensuring the audience plays a role in shaping the project’s path. This governance model aims to enhance transparency and build trust, supporting Shiba Inu’s shift from a meme asset to a utility-focused token.
Meanwhile, competitors like Cutoshi are entering the meme-finance space with similar projects, showing a trend in tokens that mix meme appeal with practical utility.
The post Shiba Inu Transitions from Memecoin to Utility Token with TREAT Launch appeared first on Crypto News Land.
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